Publisher: Maaal International Media Company
License: 465734
Wednesday, 16 April 2025
Raydan announces decrease of accumulated losses to 0% of capital
The Raydan Food Company announced on Monday the decrease in share capital to SR179,415,330 through absorbing accumulated losses of SR158,084,670 by 0%.
This comes with reference to the recommendation of the Board of Directors dated 08-2022, regarding the reduction of the Company’s share capital by 53.16%, and, as the Company’s shareholders approved during the Extraordinary General Assembly Meeting held on 05-10-2022.
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